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New London Office Space Available
For Lease
$16 SF/Yr NNN

5 Shaws Cove, New London, CT 06320

Office space for lease in Shaw's Cove Business Park.

Space SizeContact for details
Lot Size2.13 Acres
Days on Market1258

Property Features for 5 Shaws Cove

General Information

Standard status Active
Lot size 2.13 Acres
Property subtype Commercial

Amenities

Central air
32" Minimum Door Widths
60" Turning Radius
Central Air Cooling
Door Sign
Doors - under 10 ft
Exterior Curb Cuts
Hallways 36+ Inches Wide
Handicap Parking
Hot Air Heating
Parking Lot
Paved
Pole Sign
Ramps
Tar/Gravel Roof

Building Details

Year Built 1987
Listing Agency: US Properties
Listed By: SUSAN HOWARD CIHOCKI · License #REB.0790924
Source: Corcoran
Added: Mar 13, 2023 Changed: Aug 9 Last Checked: Aug 9 at 7:53PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of US Properties

Investment Insights

Based on property information with market context.

Office spaces of 1,856 SF and 2,942 SF are available on the 2nd floor of a signature office building located in Shaw's Cove Business Park. The square footage size can be re-configured. The building features an elevator and on-site parking with 118 spaces. Security cameras are installed in common areas and entrances. Current tenants include DaVita, CT Parent Advocacy Center, Columbia Dental, US Properties, Dr. Henry Crabbe, Dept. of Labor, Korde Associates PC, Resource Lighting Energy, Inc., Fulcrum Energy Solutions, and Hanger Prosthetics Orthotics. Utilities are included in the lease. NNN is approximately $10.00.

Key Highlights

  • Utilities included
  • Parking on site (118 spaces)
  • Signature office building in Shaw's Cove Business Park

Property Analytics

Current Use

Connecticut Parent Advocacy ... Social Service Agency Dr. Henry F. ... Physician Henry F. Crabbe ... Physician Neptune Park Association Park FLO Charging Station Electric Vehicle Charging Station

Suggested Use

Top Pick Building Supply Real Estate Agency Big Box & Wholesale Store Auto Parts Store Storage Facility HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,210
Businesses Nearby

Demographics for 06320, CT

27,398
Population
12,528
Households
2.2
Avg Household Size
34
Median Age
29%
College-Educated
88%
High-School Grad
5.6 sq mi
ZIP Area
4,893
Density / Sq Mi
$60,224
Median Household Income
$34,932
Median Earnings
$1,304
Median Rent
$234,800
Median Home Value

Market

Lease Benchmarks for New London, CT

$13.62 /SF/Yr
Avg Asking Price
$2.48–$27.44 /SF/Yr
Price Range
12,933 SF
Avg Space Size

This space is priced 18% above the average of $13.62 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Office space for lease in Shaw's Cove Business Park.
Where is this office units located?
The property is located at 5 Shaws Cove New London, CT.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: Utilities included; Parking on site (118 spaces); Signature office building in Shaw's Cove Business Park
More about this property
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